Georgia Republican’s Ponzi scheme defrauded people of $140m, say officials

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Georgia Republican’s Ponzi scheme defrauded people of $140m, say officials

theguardian.com/us-news/2025/jul/11/georgia-republican-ponzi-scheme

A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140m, federal officials alleged in a complaint filed on Thursday.
The civil lawsuit by the US Securities and Exchange Commission (SEC) said First Liberty Building and Loan, controlled by…

This story appeared on theguardian.com, 2025-07-12 14:04:50.925000.